News
Navy brings ashore sick fisher from multi-day trawler
The Navy yesterday (26) brought ashore a fisherman who had fallen ill aboard a multi-day fishing trawler. The rescue operation took place approximately 460 nautical miles (about 851km) off the coast of Galle.
The multi-day fishing trawler, named ‘Krevin Baba 01,’ with six crew members on board, had set sail from the Dickkovita fisheries harbour, on 23 May. However, one of the crew members fell seriously ill at sea, southwest of Sri Lanka. Meanwhile, the Department of Fisheries and Aquatic Resources, alerted the Maritime Rescue Coordination Centre (CC) Colombo, located at the Navy Headquarters, about the incident.
The Navy directed SLNS Vijayabahu, on surveillance duties in southern waters to the designated sea area, to bring the patient ashore. On 24 May, naval personnel transferred the ailing fisherman to SLNS Vijayabahu. The ship then proceeded towards the Galle harbour and the Navy administered first aid to the patient and, upon arrival in Galle, on 26 May,the patient was rushed to the Karapitiya Teaching Hospital.
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Resettlement of unauthorized settlers affected by the Land Acquisition process for the implementation of Phase III of the Baseline Road Extension Project
Cabinet approves project to modernize school hostel facilities during the 2026–2028 period at an estimated cost of Rs. 1,008 million
New National Action Plan for Human-Elephant Conflict Management to be drafted
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News5 days agoCIABOC summons Yoshitha over his participation in British Navy training programme
-
News7 days agoLocal firms move millions of dollars overseas for phantom imports: Govt.
-
Midweek Review7 days agoJuly 09: An inexcusable overall security failure and exceptional contingency plan
-
Sports2 days agoTharanga set for high-profile javelin clash in Ostrava
-
News4 days agoCommonwealth lawyers urge Lanka to uphold rule of law
-
News5 days agoJustice Minister responds to social media claims he represented Easter Sunday ringleader
-
Features3 days agoPolitics of protected species
-
News7 days agoAI raises concerns over arrest of Sallay and rapper under PTA